How Charities are taking advantage of Australia’s Love of Property

According to a recent Westpac Bank Survey, 30% of Australian’s rank property as the “safest place for their hard earned cash, another 30% rate cash the same. Residential property is a stable and passive investment category requiring little or no management in contrast to shares or other investments. Basically people view property as safe as cash.

Property is a basic human necessity that everyone needs. Historically, the median house price in Australia has doubled every seven to ten years. As the population continues to grow, the demand for housing will invariably increase along with it.

Charities realise this romance with brick and mortar, and are exploiting this love of property by raising funds through lotteries and raffles where often the first prize is a stunning, modern designer home.

Charities will purchase a home and restore it or buy new off the plan. They work closely with licensed builders to ensure that the very best quality is maintained. Once the house is prepared, the home lottery is conducted, and when the winner is announced, the charity pockets the difference between the total of the tickets sold minus the purchase price of the house plus any refurbishment costs. Often making a tidy profit for the charity and using the funds for worthy causes.

Here are the 3 biggest charities in Australia;

RSL Art Union Prize Home Lottery

The RSL Art Union Prize Home Lottery is one of Australia’s biggest lotteries. The goal of the RSL Art Union Lottery is to raise much-needed funds to support the wonderful men and women who helped defend this stunning country of ours.

Funds raised from the sale of these lottery tickets allow for services such as providing accommodation, economic help, support and welfare amenities, and rehabilitation programs for both existing and ex-servicemen and women – and this includes their families and dependents.

Surf Life-Saving Lottery

The objective of the Surf Life-Saving Lottery is to make sure that we perpetually have enough surf lifesavers to patrol our lovely beaches and keep swimmers safe. Income from the sale of lottery tickets provide monetary help for Surf Life Saving facilities and to ensure beaches are properly staffed with lifesavers. Lottery tickets for this draw start at only $2.

BoysTown Lottery

BoysTown is a non-profit organisation, operating to support underprivileged youth by providing coaching, counselling, and other support programs. Funds raised from BoysTown lotteries are used to improve the standard of life for these adolescents and their families, significantly those with social difficulties.

Whichever ticket you buy, you’re helping a worthy charity and giving yourself a chance of winning a dream home.